Academy Sports and Outdoors, Inc. (ASO)
Academy Sports' quarter-to-date trends improving, says Goldman Sachs
Goldman Sachs keeps a Buy rating and $66 price target on Academy Sports (ASO) after hosting a non-deal roadshow with its CEO and CFO earlier today. The firm's takeaways from the meeting include indication that quarter-to-date trends have improved with a strong Black Friday event, and Goldman Sachs believes that FY25 should see a stabilizing consumer and the rollout of an expanded Nike (NKE) Assortment, further adding that certain headwinds that impacted FY24 should be neutral, the analyst tells investors in a research note. Academy Sports +1.05 (+1.91%) Nike +0.775 (+1.00%)
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Academy Sports & Outdoors: I Sold After Understanding The Dual Narrative (Rating Downgrade)
Academy Sports & Outdoors faces challenges with profitability and sales growth, despite boasting industry-leading metrics and expansion potential. Q3 2024 earnings show declines in net sales, net income, and EPS, with a negative trend persisting year-to-date. The company has improved its balance sheet, reduced leverage, and initiated significant share repurchase programs, indicating financial stability.
Academy Sports and Outdoors: Rating Upgrade On Positive SSSG Outlook
I upgraded my rating for Academy Sports and Outdoors from hold to buy, citing improving same-store sales growth and a major growth driver in FY25. Despite weak recent quarterly performance, I believe ASO's SSSG is showing an improving trend. The current valuation of ASO appears attractive, and I estimated a potential upside of 13%.
ASO Q3 Earnings & Revenues Miss Estimates, FY24 Guidance Down
Academy Sports and Outdoors' third-quarter fiscal 2024 results are hurt by challenges in October, which proves to be a tough month for the company.
Academy Sports and Outdoors, Inc. (ASO) Q3 2024 Earnings Call Transcript
Academy Sports and Outdoors, Inc. (NASDAQ:ASO ) Q3 2024 Earnings Conference Call December 10, 2024 10:00 AM ET Company Participants Brad Morris - Director, Strategic Initiatives Steve Lawrence - Chief Executive Officer Carl Ford - Chief Financial Officer Conference Call Participants Emily Ghosh - Goldman Sachs Robby Ohmes - Bank of America Michael Lasser - UBS Anthony Chukumba - Loop Capital Markets Simeon Gutman - Morgan Stanley Anna Glaessgen - B. Riley Operator Good morning, and welcome to Academy Sports and Outdoors Third Quarter Fiscal 2024 Results Conference Call.
Compared to Estimates, Academy Sports and Outdoors (ASO) Q3 Earnings: A Look at Key Metrics
The headline numbers for Academy Sports and Outdoors (ASO) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Academy Sports and Outdoors, Inc. (ASO) Q3 Earnings and Revenues Lag Estimates
Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.38 per share a year ago.
Academy Sports and Outdoors to Report Q3 Earnings: What's in Store?
ASO's third-quarter 2024 results are likely to indicate dismal comparable sales performance.
Insights Into Academy Sports and Outdoors (ASO) Q3: Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Academy Sports and Outdoors (ASO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
Academy Sports on Expansion Spree, Opens in Five New Locations
ASO is set to gain from meeting its fiscal 2024 expansion target, concluding the year with five new store openings.
Analysts Estimate Academy Sports and Outdoors, Inc. (ASO) to Report a Decline in Earnings: What to Look Out for
Academy Sports and Outdoors (ASO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
